Data Center Properties Capital Reserve Clause Samples
The Data Center Properties Capital Reserve clause establishes a dedicated fund for the ongoing maintenance, repair, and improvement of data center facilities. Typically, this reserve is funded through regular contributions from tenants or property owners, and is used to cover significant capital expenditures such as equipment upgrades, infrastructure replacements, or major system overhauls. By ensuring that sufficient funds are set aside in advance, this clause helps prevent unexpected financial shortfalls and ensures the long-term operational reliability of the data center.
Data Center Properties Capital Reserve. For any period and with respect to any of the Data Center Properties, an amount equal to $0.25 multiplied by the Net Rentable Area of the Data Center Properties owned at the end of the applicable reporting period.